Guys, I was talking to one of our larger holders today and he asked me:
“Should I buy more
$BTRD or wait? Should I burn more NFTs? What would you recommend?”
So I figured I’d share my honest answer with everyone.
Obviously, I don’t know which path will ultimately be more profitable, and neither does anyone else. NFA, DYOR, etc.
But I can tell you what I think, what I would do if I were a holder, and what I’ve personally done and would continue doing with projects I believe in.
In a nutshell: buy
$BTRD and use it to obtain mint passes through the Bored Trader site.
Here’s why 👇
Once the AMM is live after mint, 1 Bored Trader NFT will always be backed by 500K
$BTRD.
That means you’ll be able to swap:
NFT → 500K
$BTRD
500K
$BTRD → NFT
So personally, I’d rather hold the value in NFT form.
Why?
You might mint a rare NFT. If you get one you don’t particularly want, you can always swap it back into 500K
$BTRD.
Or you can convert NFTs into
$BTRD and use that liquidity for activations, other NFTs, or whatever else you want to do.
The main reason I’d hold
$BTRD instead of the NFT is if my goal was specifically to sell the token for a profit before the NFT launch.
Right now,
$BTRD is sitting around a $119K market cap, while the cost of obtaining mint passes through the burn route has increased substantially.
So when you look at the two paths side by side, the token route is currently much more capital-efficient.
My personal move as a holder?
🟢 Buy
$BTRD
🔥 Use it to obtain mint passes
🎨 Mint
💎 Keep the NFTs with potential rarity
🔄 Convert unwanted NFTs back into
$BTRD when the AMM is live
I’m not telling anyone what they should do with their money. I’m simply telling you what I would do if I were on the other side of the table as a holder.
token address: 0x03A266f43dB7b7fB8D2dA016b66303DAe66eAB12
boredtrader.co/
@BoredTrader_CO